Friday, October 18, 2013

The Pope -- Call Me the Harley Father ... Who Wants My Motorcycle?


The Pope
Call Me the Harley Father
Who Wants My Motorcycle?



Exclusive Details


1018_the_pope_harley

NEWS FLASH: Pope Francis is a badass who owns not one, but TWO Harley-Davidson motorcycles.

BIGGER NEWS FLASH: He's auctioning them off for charity.

To get you up to speed, the Holy Father was gifted the two bikes by Harley-Davidson during a biker rally in Rome this summer, when 35,000 Harley enthusiasts rode into town to celebrate the 110th anniversary of the motorcycle company.

Roughly 800 of the riders went to the Vatican for a special blessing from the Pope, and during the event, Pope Frank was gifted two new hogs -- a 2013 Heritage Softail Classic (valued at $20,799) and a 2013 Dyna Super Glide Custom ($16,000).

Now Pope Francis has announced he's auctioning off the first bike to benefit a local homeless shelter. The second bike will also be auctioned off, but a charity hasn't been chosen for that one yet.

As for when the first auction takes place, that hasn't been announced yet either.

Amen.

1018_cyclin_stars_motorcycle_footer





Source: http://www.tmz.com/2013/10/18/the-pope-harley-davidson-motorcycle/
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'Glee' Star Chris Colfer Inks Three-Book Deal



Glee Star Chris Colfer has inked a new three-book deal with Little, Brown’s children’s imprint. 



PHOTOS: 'Glee' Season Five in Pictures


Fueled by the success of the first two books in his Land of Stories series, he’ll write the third and fourth volumes of the series.  


 


"The Land of Stories has been an incredible journey for me as a writers," said Colfer in a statement announcing the deal.


 



 


"The fan support and love for these characters has been more than a dream come true -- I'm humbled and excited to be able to share these new adventures with my readers."


 


Scheduled for publication in 2014 and 2015, the two new books will continue the adventure depicted in his previous two books -- a fusion of reality and fairytales that’s witnessed through the eyes of the twin protagonists, Alex and Connor Bailey. 


 


The first two books made The New York Times bestseller list.


 


He’s also doing his debut picture book, The Curvy Tree, inspired by part of The Land of Stories: The Wishing Spell. Brandon Dorman will provide illustrations for the book.



Colfer is best known for his performance in Glee as Kurt Hummel. He won a Golden Globe for Best Supporting Actor in a Series in 2011 for the role. 


 


Colfer was represented by Rob Weisbach at Rob Weisbach Creative Management.


 


Alvina Ling and Andrew Smith negotiated on behalf of Little, Brown.



Source: http://feedproxy.google.com/~r/thr/television/~3/aE0Q7b04e9U/story01.htm
Category: stenographer   Nexus 5   Columbus Day 2013   hocus pocus   Brant Daugherty  

Tropical Storm Octave makes landfall in western Mexico

Tropical Storm Octave makes landfall in western Mexico


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PUBLIC RELEASE DATE:

17-Oct-2013



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Contact: Rob Gutro
robert.j.gutro@nasa.gov
NASA/Goddard Space Flight Center






Tropical Depression 15-E formed on Oct. 12 at 11 p.m. EDT and strengthened into Tropical Storm Octave. Four days later NASA's Terra satellite saw the weakened storm headed for landfall in western Mexico.


TD15-E formed about 470 miles/755 km south of the southern tip of Baja California, near 16.1 north and 110.2 west. By 5 a.m. EDT on Oct. 13, TD15-E became Tropical Storm Octave. Octave's maximum sustained winds peaked at 65 mph/100 kph at 11 p.m. EDT on Oct. 13 when it was about 215 miles/345 km northwest of Socorro Island, near 20.6 north and 113.7 west.


The Moderate Resolution Imaging Spectroradiometer aboard NASA's Terra satellite saw Tropical Storm Octave in the Gulf of California and Tropical Storm Priscilla in the open waters of the Eastern Pacific on Oct. 14 at 2:40 p.m. EDT.


By 5 p.m. EDT/2100 UTC on Oct. 15, Octave had become a post-tropical cyclone. It was located near latitude 26.9 north and longitude 109.4 west in the Gulf of California, about 80 miles/130 km north-northwest of Los Mochis, Mexico. Maximum sustained winds decreased to near 25 mph/35 kph.


The post-tropical cyclone was moving toward the north-northeast near 5 mph/7 kph and that general motion continued until the system moved over mainland Mexico between Guaymas and Los Mochis. Although Octave dissipated on Oct. 16 the remnants brought large rainfall totals to mainland Mexico, between 3 to 6 inches over the state of Sonora.


###

Text credit: Rob Gutro

NASA's Goddard Space Flight Center




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Tropical Storm Octave makes landfall in western Mexico


[ Back to EurekAlert! ]

PUBLIC RELEASE DATE:

17-Oct-2013



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Contact: Rob Gutro
robert.j.gutro@nasa.gov
NASA/Goddard Space Flight Center






Tropical Depression 15-E formed on Oct. 12 at 11 p.m. EDT and strengthened into Tropical Storm Octave. Four days later NASA's Terra satellite saw the weakened storm headed for landfall in western Mexico.


TD15-E formed about 470 miles/755 km south of the southern tip of Baja California, near 16.1 north and 110.2 west. By 5 a.m. EDT on Oct. 13, TD15-E became Tropical Storm Octave. Octave's maximum sustained winds peaked at 65 mph/100 kph at 11 p.m. EDT on Oct. 13 when it was about 215 miles/345 km northwest of Socorro Island, near 20.6 north and 113.7 west.


The Moderate Resolution Imaging Spectroradiometer aboard NASA's Terra satellite saw Tropical Storm Octave in the Gulf of California and Tropical Storm Priscilla in the open waters of the Eastern Pacific on Oct. 14 at 2:40 p.m. EDT.


By 5 p.m. EDT/2100 UTC on Oct. 15, Octave had become a post-tropical cyclone. It was located near latitude 26.9 north and longitude 109.4 west in the Gulf of California, about 80 miles/130 km north-northwest of Los Mochis, Mexico. Maximum sustained winds decreased to near 25 mph/35 kph.


The post-tropical cyclone was moving toward the north-northeast near 5 mph/7 kph and that general motion continued until the system moved over mainland Mexico between Guaymas and Los Mochis. Although Octave dissipated on Oct. 16 the remnants brought large rainfall totals to mainland Mexico, between 3 to 6 inches over the state of Sonora.


###

Text credit: Rob Gutro

NASA's Goddard Space Flight Center




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Source: http://www.eurekalert.org/pub_releases/2013-10/nsfc-tso101713.php
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On the edge: House shutdown plan fails; now Senate

WASHINGTON (AP) -- Time growing desperately short, Senate leaders took command of efforts to avert a Treasury default and end the partial government shutdown Tuesday night after a last big attempt by House Republicans abruptly collapsed.


Aides to both Senate Majority Leader Harry Reid and the Republican leader, Mitch McConnell, expressed revived optimism about chances for a swift agreement — by Wednesday at the latest — that could pass both houses. Their efforts toward a bipartisan resolution had seemed likely to bear fruit a day earlier before House conservative were given a last-minute chance for their version.


As hours ticked down toward Thursday's Treasury deadline, the likeliest compromise included renewed authority for the Treasury to borrow through early February and the government to reopen at least until mid-January.


While a day of secret meetings and frenzied maneuvering unfolded in all corners of the Capitol, Sen. Barbara Mikulski, D-Md., stood on the Senate floor at midafternoon and declared, "We are 33 hours away from becoming a deadbeat nation, not paying its bills to its own people and other creditors."


In New York, the stock market dropped and the Fitch rating agency warned that it was reviewing the government's AAA credit rating for a possible downgrade, though no action was near. The firm, one of the three leading U.S. credit-ratings agencies, said that "the political brinkmanship and reduced financing flexibility could increase the risk of a U.S. default."


According to Treasury Secretary Jacob Lew, unless Congress acts by Thursday, the government will lose its ability to borrow and will be required to meet its obligations relying only on cash on hand and incoming tax receipts. President Barack Obama and numerous other officials in government and finance have warned of severe economic consequences if federal obligations come due that can't be paid.


By all accounts, though, an end seems near for the impasse that has once again exposed a government so divided that it sometimes borders on dysfunction. Though the House failed to muster sufficient support for a conservatives-only bill in the GOP-majority chamber on Tuesday, enough Republicans there seem likely to join House Democrats to approve a bipartisan version if it can be approved by the Senate and sent to them.


Politically, neither party is faring well, but polls indicate Republicans are bearing the brunt of public unhappiness as survey after survey shows their approval ratings plunging.


There was no indication Tuesday night of the terms of a possible deal under discussion by Reid and McConnell, although the contours of an agreement had already come into shape on Monday, before what amounted to a daylong detour to give Speaker John Boehner and House Republicans time to craft their solution.


As it stood previously, the bipartisan Senate talks were focused on a plan to allow the Treasury to borrow freely through Feb. 7 and reopen the government with enough funds to carry over to mid-January.


Congressional negotiators would be appointed to seek a long-term deficit reduction plan, and in the meantime federal agencies would receive increased flexibility to deal with the impact of across-the-board spending cuts due to take effect on about Jan. 15.


With Republicans opposed, the likelihood faded for including an earlier proposal to delay a $63-per-person fee that the nation's health care overhaul would impose on companies for all who receive coverage under an employer-provided plan.


It appeared likely that any deal would include a provision requiring the Department of Health and Human Services to verify the income of individuals seeking federal subsidies to purchase coverage under Obamacare.


Before Tuesday was devoted to the House Republicans' effort, those Senate negotiations had seemed headed for success.


House Republican officials unveiled their measure at midmorning, then revised it in hopes of building more support. In its final public form, it would have permitted the Treasury to borrow normally until Feb. 7 and the government to reopen with sufficient funds to carry it to Dec. 15.


Additionally, members of Congress, the president, vice president and thousands of aides would no longer be eligible to receive employer health care contributions from the government that employs them.


The leadership projected confidence, and Michael Steel, a spokesman for Boehner said in a statement, "The House will vote tonight to reopen the government and avoid default."


Within a few hours though, objections came from all corners of the rank and file. And Heritage Action, a group with tea party ties, announced its opposition to the measure it said "will do absolutely nothing to help Americans who are negatively impacted by Obamacare." It said it would include the vote in its determinations next year on which candidates to support in the midterm elections.


That verdict came after Republicans jettisoned a pair of provisions that had drawn objections from the White House and Democrats. One would have delayed a medical device tax created under the new health care law known as Obamacare. The other would have imposed tougher income verification standards on individuals and families seeking subsidies for care under the law.


Democrats had viewed both as concessions to Republicans, and deemed their inclusion as a violation of Obama's vow not to pay a "ransom" to the GOP for passing essential funding and borrowing measures.


The day's events prompted an outbreak of partisan rhetoric, mixed with urgent warnings that both the U.S. and global economies could suffer severe damage quickly unless Congress acted by Thursday.


Even something of an appeal for heavenly aid was thrown in, as Rep. Steve Southerland of Florida led House Republicans in a rendition of "Amazing Grace" at the beginning of a rank-and-file meeting called to discuss a way out of the impasse.


Speaking with reporters, Boehner said, "I have made clear for months and months that the idea of default is wrong and we shouldn't get anywhere close to it."


Democrats jumped on Boehner and the plan he produced.


In unusually personal remarks, Reid said the Ohio Republican had "once again tried to preserve his role at the expense of the country."


That was a reference to a rebellious rank and file in the House, who routinely seek to push Boehner and the rest of the leadership to the right. A group met Monday night with Texas Sen. Ted Cruz, who last summer played a public role in a campaign to demand defunding of Obamacare as the price for preventing a partial government shutdown.


The Democratic attacks were too much for some Republicans who have been among those most vocal in calling for a bipartisan solution to the impasse.


"It's piling on and it's not right," Sen. John McCain, R-Ariz., said of the response from the Democrats. "To categorically reject what the House and the speaker are doing — and I think he's pretty courageous in what he's doing — in my view is not serving the American people."


The House had been effectively sidelined in recent days as Reid and McConnell engaged in intense negotiations to reopen the government and raise the debt limit.


The twin crises began more than three weeks ago, when some lawmakers in the House insisted on seeking the defunding of Obamacare as the price for preventing a partial shutdown of the government.


The White House refused, and the Democratic-controlled Senate rejected legislation to achieve the GOP goal, as well as subsequent legislation that contained scaled-back concessions on the health care overhaul.


The partial shutdown, which began on Oct. 1, swiftly merged with the approaching debt crisis.


Whatever the outcome, the all-out assault on Obamacare that became a tea party rallying cry last summer was long gone, repulsed by the president and his Democratic allies in Congress.


Instead, Republican disapproval ratings have plummeted in public opinion polls in the past two weeks, vindicating warnings from Boehner, McConnell and other party elders that the original strategy of threatening to shut down the government in hopes of wiping out the overhaul was badly flawed.


___


Associated Press writers Donna Cassata, Andrew Taylor, Henry C. Jackson, Julie Pace, Alan Fram and Christopher S. Rugaber contributed to this report.


Source: http://news.yahoo.com/edge-house-shutdown-plan-fails-001219079.html
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Grilosodes Ep. 5: Style Sessions and Dry Slopes



Posted by: Evan Litsios / added: 10.17.2013 / Back to What Up


This episode of Grilosodes follows Marco Grilc to Nicolas Muller's Style Session in Zurich, where he sends some areals alongside Eero Ettala and a bunch of dirt bikers. After the contest he shreds Austria for a minute, but when conditions go sour he flies up to England to check out what it's like to snowboard on plastic instead of snow. 






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Source: http://www.frqncy.com/news/2013/10/17/grilosodes-ep-5-style-sessions-and-dry-slopes?utm_campaign=blog_feed&utm_medium=feed&utm_source=feed_reader
Tags: broncos   Hiroshi Yamauchi   Eiza Gonzalez   Samsung   BBC  

Manning to lead Broncos in emotional return to Indy


Los Angeles (AFP) - Peyton Manning, who has thrown 22 touchdowns in leading Denver to a 6-0 start, takes the Broncos to Indianapolis Sunday in what promises to be an emotional return to his former NFL home.


The quarterback himself, whose 14-season tenure in Indianapolis yielded four Most Valuable Player awards and a Super Bowl title in 2007, says he honestly doesn't know how he'll feel.


"Football is certainly an emotional game, but to predict how you will feel? I just don't know."


But the game -- which will pit Manning against the young quarterback the Colts drafted as his successor in 2012, Andrew Luck -- has already sparked plenty of feeling.


Broncos coach John Fox took Colts owner Jim Irsay to task for comments made to USA Today, in which Irsay said the decision to release Manning was an effort to build a team that could win more Super Bowls.


Irsay told the newspaper that seeing New England, Pittsburgh and the New York Giants rack up multiple Super Bowl wins as the Colts managed just one in Manning's tenure "leaves you frustrated".


Fox called the remarks "disappointing and inappropriate" but he wasn't surprised that Manning opted not to comment.


"Peyton would never say anything, he's too classy for that," Fox said. "But they sounded a little ungrateful and unappreciative to me for a guy that has set a standard, won a Super Bowl, won division titles, won four MVP awards. I'd be thankful with that one Super Bowl ring because there's a lot of people that don't have one."


Despite his ire, Fox said the pre-game hype would be meaningless on Sunday, when he expected Manning to be -- as usual -- at his best.


"He's the most prepared player I think I've ever been around," Fox said of Manning. "He's going to stay focused. He's not going to get involved in the circus."


The Broncos can't afford any letdown, with AFC West rivals Kansas City also off to a 6-0 start. It's only the second time since the divisional structure was introduced in 1933 that two teams in the same division have started 6-0.


"Every win is a big win," said Kansas City coach Andy Reid, whose chiefs host Houston on Sunday.


The Texans will be without injured quarterback Matt Schaub, who hurt his right ankle and departed in the third quarter of a loss to St. Louis last week.


Week seven opened Thursday night with NFC West leaders Seattle handing division foes Arizona a 34-22 defeat.


Seattle's Russell Wilson threw for 235 yards and three touchdowns, completing 18-of-29 passes and adding 29 rushing yards in the victory.


Marshawn Lynch racked up 91 yards and a score on 21 carries for the Seahawks, whose 6-1 start is a first in club history.


Other key matchups this week include the Dallas Cowboys at Philadelphia in a duel for first place in the NFC East.


"The division games are big," said Dallas quarterback Tony Romo, whose team notched a 31-16 win over division foes Washington last week.


"It's a tough place to play," he said of Philadelphia. "They're playing tough football, so it'll be a good test for us."


The Eagles have won two straight after a 31-20 victory at Tampa Bay last week.


But they'll be without quarterback Michael Vick, who Thursday ruled himself out as he continues to recover from a hamstring injury.


Nick Foles will get the starting nod, having completed 22 of 31 passes for 296 yards and three touchdowns against Tampa Bay.


AFC North-leading Cincinnati face a tough test at Detroit.


The Lions are tied with Chicago atop the NFC North and will be aiming to beat an AFC opponent for the second straight week.


Other games this week see Tampa Bay at Atlanta, Chicago at Washington, New England at the New York Jets, Buffalo at Miami, St. Louis at Carolina, San Diego at Jacksonville, San Francisco at Tennessee, Cleveland at Green Bay, Baltimore at Pittsburgh and, on Monday, Minnesota at the New York Giants.



Source: http://news.yahoo.com/manning-lead-broncos-emotional-return-indy-045520447--nfl.html
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Thursday, October 17, 2013

DEs Campbell, Clemons active for Seattle-Arizona

GLENDALE, Ariz. (AP) — Defensive ends Calais Campbell of Arizona and Chris Clemons of Seattle were active for Thursday night's game.


Both had been listed as questionable. Campbell was strapped down and carted off the field in San Francisco on Sunday with what Arizona coach Bruce Arians said was a bruised spine. Clemons did not practice Monday and Tuesday and was limited Wednesday with an elbow injury.


The injured inactives had already been declared out, including Cardinals wide receiver Brittan Golden (hamstring) and Seahawks linebacker Bobby Wagner (ankle). K.J. Wright moved to Wagner's middle linebacker spot and Malcolm Smith took Wright's outside linebacker spot.


Source: http://news.yahoo.com/des-campbell-clemons-active-seattle-arizona-234621435--spt.html
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Nokia's 'Facet' Smartwatch Concept Is an Insane Multi-Display Bracelet

Nokia's 'Facet' Smartwatch Concept Is an Insane Multi-Display Bracelet

By now we know that basically every manufacturer in the world has been trying—and failing!—to develop a smartwatch that people might actually want to wear. From the depths of this struggle has emerged this Nokia concept for a bracelet with multiple displays. The Facet is so weird that you will have trouble fitting it inside your brain.

Read more...


    






Source: http://feeds.gawker.com/~r/gizmodo/full/~3/eQcUoh9i_aw/nokias-smartwatch-concept-is-an-insane-multi-display-b-1447127152
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The Word E-Book Should Be Replaced With CodeX

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E-reading is a fundamentally different experience than curling up with a paper book.

Photo by Peter Macdiarmid/Getty Images








When's the last time you sat down to read a book for several hours? Or even one hour? We are both card-carrying humanities scholars, but even we can barely scrape 15 minutes together for sustained engagement with a text. And yet humans are reading now more than ever when you think about the billions of hours we collectively spend on email, Facebook, Twitter, texting, sexting, and reading illicit things online. This is more than just information overload: When we change how we read, we are changing our brains. Researchers have proposed that we play out literary scenarios with mirror neurons and fire up complex, full-brain patterns of activity when asked to practice “close reading,” in contrast to the patterns associated with reading for pleasure.














Neurological effects, different types of media, totally new reading habits—just a few reasons why e-reading is a fundamentally different experience than curling up with a dead-tree book. Print books are a highly refined technology that isn't going anywhere soon, but there are ways in which the digital is superior to the old-fangled, and vice versa: They’re horses of different colors.










And yet publishers keep trying to re-create the print experience online, with the faux wood of the iOS bookstore and the fake page-turning animations on many e-readers. It’s time for that to end. We need to embrace digital reading as its own medium, not just a book under glass. That means imagining a new language for reading as an experience, starting with a new word to use instead of book.












It’s still no easy trick to figure out a name for this thing, though. At the Frankfurt Book Fair last week, we acted as ringmasters for a crack team of novelists, journalists, and publishers conducting a gonzo experiment in the future of publishing. Our project, Sprint Beyond the Book, aimed to upend the publishing industry’s centuries-old model for book production. We wrote in public, on the crowded and noisy floor of the fair. We moved from concept to final product in just 72 hours. We crowdsourced the writing, featuring dozens of contributions collected through our website. We shot and embedded videos throughout. We’re even giving the thing away for free. But despite our pretensions to renegade chic, we couldn’t stop returning to the word book to talk about what we were building. (Disclosure: We work for Arizona State University; ASU is a partner with Slate and the New America Foundation in Future Tense. Sprint Beyond the Book is part of a research project funded by Intel Labs.)










The fact is that every other name we came up with sounded boring or silly. Text was a strong early contender—after all, it’s used by humanities geeks like us to refer to everything from political speeches and Hungarian rap lyrics to recipes for gumbo. Sadly, it’s totally misleading: We’re hurtling toward a future in which reading means making decisions, watching videos, writing back, and getting lost in vast virtual spaces. Book system is too stodgy (as are reading system, platform, and service) and doesn’t even get rid of the word book. We gleefully entertained and discarded many bad ideas like graphies. Some of us liked plat, a shortening of platform that sounds like something out of a Golden Age science fiction story, but the more we said it, the more it sounded like a comic book sound effect for something gross.










Rather than grope forward, we decided to look back. With some trepidation, we would like to nominate codex, a word with a rich history that most of us don’t know anything about. Codex, derived from the Latin caudex (meaning “trunk of a tree”) even happens to contain the English word code, which will be central to the future of reading in a variety of ways. The things we’ll be reading in the future will not only involve a lot of programming; they’ll also require readers to decode complex, multilayered experiences and encode their own ideas as contributions in a variety of creative ways. Since standard printed books are technically codices, we propose (with significantly more trepidation) to distinguish our variant with one of those annoying midword capitals: codeX, to remind us that these new things involve experience, experimentation, expostulation … you know, all those X things.










This also works nicely because it reminds us of the X-Men and the X Games: We see the future of reading as an arena with the social dynamics of competition and play, scoring points and showing off, rather than a LeVar Burton rainbow of love and generosity. (Twitter works like this now, as a performance space where we’re all more or less openly vying for the award for “most clever person on the Internet this minute.”) Books have always been potent weapons in the cultural battlefield for prestige and distinction, and they won’t magically turn into utopian spaces anytime soon. At the risk of sounding too academic, we think the X highlights the jousting and (hopefully friendly) conflict inherent to digital reading.










From social reading platforms like Medium to digital pop-up books like 2012’s Between Page and Screen, we’re already building the future of reading, and there’s no going back. So let’s agree on a new term and stop pretending these utterly new ways of reading are anything like the singular and lovely experience of thumbing through a printed book.










This article arises from Future Tense, a collaboration among Arizona State University, the New America Foundation, and Slate. Future Tense explores the ways emerging technologies affect society, policy, and culture. To read more, visit the Future Tense blog and the Future Tense home page. You can also follow us on Twitter.








Source: http://www.slate.com/articles/technology/future_tense/2013/10/we_need_a_new_word_for_e_book_here_s_one_idea_beyondthebook.html
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Hillary Clinton Honored For Her Work On HIV/AIDS


NEW YORK (AP) — Elton John has honored Hillary Rodham Clinton for her work to help those affected by HIV/AIDS at an annual event for his foundation.


Clinton was excited as she accepted the first founders award from the Elton John AIDS Foundation Tuesday night in New York City. The former secretary of state told the crowd at Cipriani's restaurant that "we still have so far to go" when it comes to helping those affected by HIV/AIDS.


Billy Joel, Alec Baldwin and New York Gov. Andrew Cuomo also attended the black tie event. Recent Rock and Roll Hall of Famers Heart performed a dozen songs.


John's foundation is celebrating its 20th year. The pop icon says he will continue to be "stubborn" when it comes to finding ways to help those affected by AIDS.


Source: http://www.npr.org/templates/story/story.php?storyId=235128163&ft=1&f=
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AP: In Special Election, Cory Booker Wins N.J. Senate Seat





Newark Mayor Cory Booker greets a supporter after casting his vote in a special U.S. Senate election on Wednesday in Newark, New Jersey.



John Moore/Getty Images


Newark Mayor Cory Booker greets a supporter after casting his vote in a special U.S. Senate election on Wednesday in Newark, New Jersey.


John Moore/Getty Images


The Associated Press projects that Newark Mayor Cory Booker will win a special election for the New Jersey Senate seat left vacant after the death of Frank Lautenberg.


With 55 percent of the precincts counted, Booker, a Democrat, has a commanding 11-point lead over Steven Lonegan.


Booker will succeed Gov. Chris Christie's interim appointee, Republican Jeff Chiesa, and will have to run again in 2014 for a full six-year term.


The AP adds:




"Booker, 44, will become the first black senator from New Jersey and heads to Washington with an unusual political resume. He was raised in suburban Harington Park as the son of two of the first black IBM executives, and graduated from Stanford and law school at Yale with a stint in between as a Rhodes Scholar before moving to one of Newark's toughest neighborhoods with the intent of doing good.


"He's been an unconventional politician, a vegetarian with a Twitter following of 1.4 million — or five times the population of the city he governs. With dwindling state funding, he has used private fundraising, including a $100 million pledge from Facebook founder Mark Zuckerberg, to run programs in Newark, a strategy that has brought his city resources and him both fame and criticism."




Booker is also a rising star in the Democratic party.


Source: http://www.npr.org/blogs/thetwo-way/2013/10/16/235807439/ap-in-special-election-cory-booker-wins-n-j-senate-seat?ft=1&f=
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Iran, world powers pledge new nuclear talks


Geneva (AFP) - World powers and Iran agreed Wednesday to hold fresh talks next month on its nuclear programme, after Tehran made what it dubbed a breakthrough proposal that could allow spot checks on its nuclear sites.


Iran said it was hopeful for a "new phase in our relations" with the international community after two days of talks hailed by the White House as showing a greater level of "seriousness and substance" than ever before.


Germany was also positive, saying the latest talks had boosted hope for a diplomatic solution but a wary Russia warned there was "no reason to break into applause."


"It was decided to convene the next meeting in Geneva on November 7 and 8," European Union foreign policy chief Catherine Ashton told reporters.


She read from what she underlined was an unprecedented joint statement agreed with Iranian Foreign Minister Mohammad Javad Zarif and herself as chair of the international negotiating team.


The EU is at the helm of the so-called P5+1 group -- Britain, China, France, Russia and the United States, plus Germany -- which has spent years trying to reach a deal with Iran amid fears that it is developing nuclear weapons.


The Islamic republic vehemently denies that and insists its nuclear programme is for peaceful purposes.


The statement described this week's Geneva talks as "substantive and forward-looking", calling Iran's plan a "proposed basis for negotiation" and "important contribution".


The talks were the first between all parties' nuclear negotiators since Iranian President Hassan Rouhani, seen as a relative moderate, succeeded conservative Mahmoud Ahmadinejad in August.


They ended a six-month freeze over Iran's refusal to curb uranium enrichment in exchange for easing the international sanctions battering its economy.


Amid signs of a thaw with the international community, Rouhani has pledged transparency on the nuclear programme and engagement with major powers to try to remove the sanctions.


"We hope that this a beginning of a new phase in our relations," Zarif told reporters.


While the details remain under wraps, Iran's lead nuclear negotiator Abbas Araqchi said its proposal involved "proportionate and reciprocal steps by both sides".


After an hour-long presentation Tuesday by Iran's team -- in English, a first in the nuclear talks -- Araqchi said the proposal had the "capacity to make a breakthrough".


Iran's plan contains three steps that could settle the nuclear dispute "within a year", Araqchi has said, the first achievable "within a month or two, or even less".


He said that snap inspections of Iran's atomic facilities were part of the last step.


White House spokesman Jay Carney said Iran's presentation at the talks was "useful", showing a "level of seriousness and substance that we have not seen before."


In Geneva, a senior US official said: "I have never had such a detailed, straightforward, candid conversation with the Iranian delegation."


But there was a note of caution.


"The devil is truly in the detail in this particular subject... Although we got more today than we've ever gotten, there is a whole more that we need to get. Probably a whole lot more Iran wants to get from us."


German Foreign Minister Guido Westerwelle said the talks had "reinforced hope that a diplomatic solution is possible to completely calm our concerns about the nature of the Iranian nuclear programme."


'No reason for applause'


But Russian negotiator Sergei Ryabkov was less than upbeat.


"The talks were difficult, sometimes intense, and sometimes unpredictable. One of the reasons is the extremely low level of mutual trust –- practically the absence of the required level of trust," he said.


Ryabkov agreed that the results were better than April's round in Kazakhstan -- when Ahmadinejad was in power, and the talks hit the wall.


"But this does not guarantee further progress. There is no reason to break into applause. Things could have worked out better," he said.


Iran has already drawn red lines, saying it will not accept demands to suspend uranium enrichment or ship stockpiles of purified material abroad.


"We will not back down on our rights," Zarif said.


"At the same time we feel there is no need for concerns about our nuclear program... It is logical to remove any concerns though," he added.


Araqchi said: "We entered into details about the first and final steps... Differences still exist and there are a number of them. But we are on a path to bridge those differences".


The rapprochement comes after Zarif held a landmark meeting with US Secretary of State John Kerry during the UN General Assembly in New York last month, when Rouhani also spoke on the telephone with US President Barack Obama.


While Western negotiators insist they will never leave room for Iran to develop atomic weapons, Israel, the Middle East's sole if undeclared nuclear-armed power, has sounded the alarm over the thaw.


Israel's International Relations Minister Yuval Steinitz said Wednesday the country was watching the talks "with hope and with concern".


"We see the worrying signs and we don't want Geneva 2013 to turn into Munich 1938," he said on Israel's army radio, referring to Britain and France's failed bid to avert war by agreeing to Nazi Germany's annexation of swathes of Czechoslovakia.


Israel has not ruled out a military strike to halt Iran's nuclear drive.



Source: http://news.yahoo.com/geneva-nuclear-talks-herald-phase-ties-iran-161917680.html
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Wednesday, October 16, 2013

Cerberus explores acquiring BlackBerry


October 16, 2013







Private equity firm Cerberus Capital Management is reportedly considering a bid to acquire all of ailing BlackBerry.


The Bloomberg news service, citing a person close to the situation, reported Wednesday that Cerberus is in the early stages of weighing an offer and has signed an agreement with BlackBerry to gain access to its financial information for more insights.


[ Get expert advice regarding your BYOD strategy with InfoWorld's 29-page "Mobile and BYOD Deep Dive" PDF special report. | For a quick, smart take on the news you'll be talking about, check out InfoWorld TechBrief -- subscribe today. ]


BlackBerry and Cerberus did not comment on the report.


Cerberus sees BlackBerry as a viable business that can be turned around, even as BlackBerry reported a third-quarter loss of nearly $1 billion due to slack smartphone sales. The phone maker plans to lay off 4,500 of its 12,500 workers. Cerberus specializes in investments in distressed companies.


Last week, BlackBerry co-founders Mike Lazaridis and Doug Fregin filed documents with the U.S. Securities and Exchange Commission to take over all or part of BlackBerry, while Fairfax Financial Holdings made a preliminary offer in September to buy BlackBerry for $4.7 billion. Fairfax owns 10 percent of BlackBerry, while the founders own 8 percent.


This article, Cerberus explores acquiring BlackBerry, was originally published at Computerworld.com.


Matt Hamblen covers mobile and wireless, smartphones and other handhelds, and wireless networking for Computerworld. Follow Matt on Twitter at @matthamblen or subscribe to Matt's RSS feed. His email address is mhamblen@computerworld.com.


See more by Matt Hamblen on Computerworld.com.


Read more about smartphones in Computerworld's Smartphones Topic Center.




Source: http://www.infoworld.com/t/blackberry/cerberus-explores-acquiring-blackberry-228910
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Banksy Unveils A Ronald McDonald Sculpture In NYC



'Better Out Than In' Continues to Unfold





On Monday we learned that mysterious street artist Banksy orchestrated an art stunt on the streets of NYC over the weekend that no one knew what was really going on until after it was all said and done. Today we get to see the latest art stunt that Banksy has unleashed upon the Big Apple as his ongoing Better Out Than In art residency in NYC rolls on. Banksy has been spray painting art pieces all over NYC in the past couple of weeks but has, today, unveiled a new sculpture as part of his art residency. Ronald McDonald is the subject of Banksy‘s latest art piece, check it out in full below and see what Banksy has come up with now.




For the 16th day of “Better Out Than In,” Banksy has tackled a familiar subject: corporate business and McDonald’s in particular. Dubbed Shoeshine, the new piece is the controversial street artist’s latest commentary on big business and depicts “the powerful figure of Ronald McDonald waving impassively as his ridiculously oversized clown shoes are buffed to a fine shine.” Appearing today in the South Bronx, Shoeshine is set to make its way to a different McDonalds around the city at lunchtime for the next week as its fiberglass shoe is shined by a “real live boy.”



The sculpture is impressive, particularly since it comes with a real live “boy”. It’s clear that Banksy has quite a few tricks up his sleeve and he is clearly having fun with this project. I’m sure how it works logistically to haul this huge sculpture all over town but I do like the concept. I must admit, I’m really jealous that NYC is getting all of the fun. I doubt that Banksy will bring his show to LA anytime soon but even tho it’s not as fun as being there, getting to watch this art residency unfold online is kind of neat. Love it or hate it, Banksy is really turning the art world on its head. It looks like Banksy is trying to be the Andy Warhol of our generation. I think he’s doing a pretty decent job thus far.


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Source: http://www.pinkisthenewblog.com/2013-10-16/banksy-unveils-a-ronald-mcdonald-sculpture-in-nyc
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Alessandra Ambrosio’s West Hollywood Retail Romp


Looking to boost the local economy, Alessandra Ambrosio stepped out with her Brazilian stylist friend Matheus Mazzafera in West Hollywood on Tuesday evening (October 15).


The uber-sexy model mama hit up the American Rag Cie boutique sporting a cream ruffle sleeve blouse with black leather trousers and a Chanel crossbody purse, and it seems she found some goodies to take home.


Earlier in the day, Alessandra continued on with her pre-Victoria’s Secret Fashion Show workout regimen with an intense jogging session around her Brentwood neighborhood.


Ms. Ambrosio will make her 14th appearance at the event when it tapes in November, though we’ll have to wait until December to see the full production when it airs on CBS!


Source: http://celebrity-gossip.net/alessandra-ambrosio/alessandra-ambrosio%E2%80%99s-west-hollywood-retail-romp-1023158
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Fire Weather Watch Issued For Wednesday

By City News Service

A fire weather watch was issued for Wednesday morning through Wednesday afternoon, officials said.

Windy conditions, coupled with low relative humidity will encompass portions of Los Angeles counties.

A
weak low pressure system will move through Nevada on Tuesday and
enhance the surface high pressure over the great basin, resulting in
increasing gusty easterly winds Tuesday night into Wednesday.

The
strongest winds will be over Los Angeles County where the valleys and
mountains are expected to see peak gusts in the 35 to 45 mile per hour
range.

Warming and drying will result in widespread daytime
humidities into the low teens and single digits. Critical fire weather
conditions may persist for 6 or more hours, which would exceed red flag
criteria over the Los Angeles mountains.

Aaron Castrejon contributed to this article.

Source: http://monrovia.patch.com/groups/police-and-fire/p/fire-weather-watch-issued-for-wednesday_0c008787?ncid=txtlnkusaolp00000593
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Sisters serve as confidants, sources of support and mentors during intimate conversations

Sisters serve as confidants, sources of support and mentors during intimate conversations


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Public release date: 15-Oct-2013
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Contact: Jesslyn Chew
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573-882-8353
University of Missouri-Columbia



Older sisters could aid prevention efforts aimed at reducing risky sexual behaviors among teen girls



COLUMBIA, Mo. -- Adolescence can be an impressionable time for girls as they begin forming ideas about dating and sexuality. Now, a University of Missouri researcher has found that sisters often take on key roles of confidants, sources of support and mentors during conversations about romantic relationships. Sisters may be helpful in health education efforts to promote safe-sex practices and healthy romantic relationships.


"Our findings indicate that sisters play important roles as adolescent girls form ideas about romantic relationships and sexuality," said Sarah Killoren, an assistant professor of human development and family studies at MU and the study's lead author. "Sisters are important communication partners when it comes to these sensitive topics."


Killoren says that older sisters should be included in family-oriented programs designed to help teens make better choices, such as abstaining from intercourse, practicing safe sex or developing healthy romantic relationships.


Killoren found sisters most frequently played the role of confidant. Sisters displayed this role by giving information about themselves and by asking for more information about their sisters' lives. The disclosures made during their conversations revealed levels of intimacy between sisters, Killoren said. The second role, sources of support, was displayed when sisters encouraged their siblings' ideas about dating and sexuality. The mentor role was displayed when sisters served as role models for one another, most frequently by giving advice.


"Given their age, older sisters were more likely to have advice to share and have romantic relationships and sexual experiences from which their younger sisters can learn," Killoren said.


Younger sisters commonly reported learning from older sisters' experiences, especially their older sisters' negative dating and sexual experiences, Killoren said.


"Younger sisters frequently commented on their older sisters' negative experiences, such as teen pregnancy and abusive relationships, and made decisions to be different," Killoren said. "Learning only from negative experiences could occur because younger sisters only consciously identify the experiences of their sisters that they do not want to repeat."


Sisters share similar views on dating and sex, which is partly because they have grown up in the same home, Killoren said.


###


The article, "Sibling Conversations about Dating and Sexuality: Sisters as Confidants, Sources of Support, and Mentors," will be published in Family Relations. The Department of Human Development and Family Studies is part of the MU College of Human Environmental Sciences.




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Sisters serve as confidants, sources of support and mentors during intimate conversations


[ Back to EurekAlert! ]
Public release date: 15-Oct-2013
[


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]

Contact: Jesslyn Chew
ChewJ@missouri.edu
573-882-8353
University of Missouri-Columbia



Older sisters could aid prevention efforts aimed at reducing risky sexual behaviors among teen girls



COLUMBIA, Mo. -- Adolescence can be an impressionable time for girls as they begin forming ideas about dating and sexuality. Now, a University of Missouri researcher has found that sisters often take on key roles of confidants, sources of support and mentors during conversations about romantic relationships. Sisters may be helpful in health education efforts to promote safe-sex practices and healthy romantic relationships.


"Our findings indicate that sisters play important roles as adolescent girls form ideas about romantic relationships and sexuality," said Sarah Killoren, an assistant professor of human development and family studies at MU and the study's lead author. "Sisters are important communication partners when it comes to these sensitive topics."


Killoren says that older sisters should be included in family-oriented programs designed to help teens make better choices, such as abstaining from intercourse, practicing safe sex or developing healthy romantic relationships.


Killoren found sisters most frequently played the role of confidant. Sisters displayed this role by giving information about themselves and by asking for more information about their sisters' lives. The disclosures made during their conversations revealed levels of intimacy between sisters, Killoren said. The second role, sources of support, was displayed when sisters encouraged their siblings' ideas about dating and sexuality. The mentor role was displayed when sisters served as role models for one another, most frequently by giving advice.


"Given their age, older sisters were more likely to have advice to share and have romantic relationships and sexual experiences from which their younger sisters can learn," Killoren said.


Younger sisters commonly reported learning from older sisters' experiences, especially their older sisters' negative dating and sexual experiences, Killoren said.


"Younger sisters frequently commented on their older sisters' negative experiences, such as teen pregnancy and abusive relationships, and made decisions to be different," Killoren said. "Learning only from negative experiences could occur because younger sisters only consciously identify the experiences of their sisters that they do not want to repeat."


Sisters share similar views on dating and sex, which is partly because they have grown up in the same home, Killoren said.


###


The article, "Sibling Conversations about Dating and Sexuality: Sisters as Confidants, Sources of Support, and Mentors," will be published in Family Relations. The Department of Human Development and Family Studies is part of the MU College of Human Environmental Sciences.




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AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.




Source: http://www.eurekalert.org/pub_releases/2013-10/uom-ssa101513.php
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Netflix Shares Up 8 Percent After Reports of Talks With Cable Companies


Shares of Netflix surged 8 percent Monday after reports surfaced that cable operators were considering embedding the video streamer's service into set-top boxes.



The Wall Street Journal, citing people familiar with the discussions, said Netflix is talking to Comcast and Suddenlink Communications. Bloomberg later reported talks are underway with Charter Communications and Cox Communications as well. 


Netflix stock Tuesday rose $23.51 a share to $324.36 on volume that was more than twice the average.


RELATED: Netflix in Talks to Offer Online Video Service via Comcast, Other US Pay TV Firms


Presumably, a deal in the U.S. would be similar to those Netflix recently struck with Virgin Media in the U.K. and Com Hem in Sweden. With those two -- at least initially -- only subscribers who use TiVo set-top boxes will be able to access a Netflix app.


Netflix's goal, though, is more likely that the app be made available on cable boxes in general, making the on-demand streamer more of a partner to multi-systems operators and less a competitor.


"We would love to reduce the friction to the end consumer and be available via the existing device in the home," Netflix CFO David Wells said this year at an investor conference.


Source: http://feedproxy.google.com/~r/TheHollywoodReporter-Technology/~3/EXgBm40gt-s/story01.htm
Category: kris jenner   Cnn.com   The Crazy Ones   Hiroshi Yamauchi   Rae Dawn Chong  

Tuesday, October 15, 2013

New House GOP plan as debt-limit deadline nears

Speaker of the House Rep. John Boehner, R-Ohio, walks away from the microphone during a news conference after a House GOP meeting on Capitol Hill on Tuesday, Oct. 15, 2013 in Washington. The federal government remains partially shut down and faces a first-ever default between Oct. 17 and the end of the month. (AP Photo/ Evan Vucci)







Speaker of the House Rep. John Boehner, R-Ohio, walks away from the microphone during a news conference after a House GOP meeting on Capitol Hill on Tuesday, Oct. 15, 2013 in Washington. The federal government remains partially shut down and faces a first-ever default between Oct. 17 and the end of the month. (AP Photo/ Evan Vucci)







House Minority Leader Nancy Pelosi, D-Calif., speaks with reporters before going to the White House to meet with President Barack Obama, at the Capitol in Washington, Tuesday, Oct. 15, 2013, as Rep. Chris Van Hollen, D-Md., and Assistant Minority Leader James Clyburn, D-S.C., right, listen. (AP Photo/J. Scott Applewhite)







Specialist Frank Masiello watches a television monitor on the floor of the New York Stock Exchange showing a Washington news conference by House Speaker John Boehner, Tuesday, Oct. 15, 2013. Leaders in the House of Representatives and Senate were negotiating separate but similar plans Tuesday to reopen the U.S. government and prevent a default on American debt that economists say could tip the global economy back into recession. (AP Photo/Richard Drew)







Speaker of the House Rep. John Boehner, R-Ohio, arrives for a news conference after a House GOP meeting on Capitol Hill on Tuesday, Oct. 15, 2013 in Washington. House GOP leaders Tuesday floated a plan to fellow Republicans to counter an emerging Senate deal to reopen the government and forestall an economy-rattling default on U.S. obligations. But the plan got mixed reviews from the rank and file and it was not clear whether it could pass the chamber. (AP Photo/ Evan Vucci)







WASHINGTON (AP) — Time growing desperately short, House Republicans pushed for passage of legislation late Tuesday to prevent a threatened Treasury default, end a 15-day partial government shutdown and extricate divided government from its latest brush with a full political meltdown.

There was no immediate reaction from the White House to the measure, which was revised from a version unveiled only hours earlier that had been stocked with conservative priorities and had drawn swift condemnation from Democrats.

While the House readied for a possible Tuesday night vote, the immediate result was to impose a daylong freeze on Senate negotiations on a bipartisan compromise that had appeared ready to bear fruit.

As a day of secret meetings and frenzied maneuvering unfolded in all corners of the Capitol, Sen. Barbara Mikulski, D-Md., stood on the Senate floor at midafternoon and declared, "We are 33 hours away from becoming a deadbeat nation, not paying its bills to its own people and other creditors."

Officials said that under the revised bill prepared by House Republicans, the Treasury would be permitted to borrow normally until Feb. 7 and the government reopened with sufficient funds to carry it to Dec. 15.

Additionally, members of Congress, the president, vice president and thousands of aides would no longer be eligible to receive employer health care contributions from the government that employs them.

"The House will vote tonight to reopen the government and avoid default," Michael Steel, a spokesman for Speaker John Boehner said in a statement.

He said the legislation would "end Obamacare subsidies for elected officials and staff in Washington, D.C., and pressure Senate Democrats to accept more sensible" time frames for reopening the government and renewing Treasury's borrowing authority.

Gone from the measure was a pair of provisions that had drawn objections, one a plan to delay a medical device tax created under the new health care law known as Obamacare. The other would have imposed tougher income verification standards on individuals and families seeking subsidies for care under the law.

Democrats had viewed both as concessions to Republicans, and deemed their inclusion as a violation of Obama's vow not to pay a "ransom" to the GOP for passing essential funding and borrowing measures.

Even with the changes, it was unclear whether Boehner and the GOP leadership had the votes to pass their measure.

The day's events prompted an outbreak of partisan rhetoric, mixed with urgent warnings that both the U.S. and global economies could suffer severe damage quickly unless Congress acted by Thursday.

Even something of an appeal for heavenly aid was thrown in, as Rep. Steve Southerland of Florida led House Republicans in a rendition of "Amazing Grace" at the beginning of a rank-and-file meeting called to discuss a way out of the impasse.

Speaking with reporters, Boehner said, "I have made clear for months and months that the idea of default is wrong and we shouldn't get anywhere close to it."

But the first measure the leadership produced evidently came up short on votes, and the White House trashed it as an attempt to "appease a small group of tea party Republicans who forced the government shutdown in the first place. "

Democrats jumped on Boehner and the plan he produced.

In unusually personal remarks, Senate Majority Leader Harry Reid said the Ohio Republican had "once again tried to preserve his role at the expense of the country."

That was a reference to a rebellious rank and file in the House, who routinely seek to push Boehner and the rest of the leadership to the right. A group met Monday night with Texas Sen. Ted Cruz, who last summer played a public role in a campaign to demand defunding of Obamacare as the price for preventing a partial government shutdown.

The Democratic attacks were too much for some Republicans who have been among those most vocal in calling for a bipartisan solution to the impasse.

"It's piling on and it's not right," Sen. John McCain, R-Ariz., said of the response from the Democrats. "To categorically reject what the House and the speaker are doing — and I think he's pretty courageous in what he's doing — in my view is not serving the American people."

The House had been effectively sidelined in recent days as Reid and Senate Republican Leader Mitch McConnell engaged in intense negotiations to reopen the government and raise the debt limit.

That changed emphatically when details began circulating of some of the elements of the terms under discussion.

In addition to ending the shutdown and raising the debt limit, the two Senate leaders were considering a plan to delay a $63-per-person fee that the health care overhaul would impose on anyone who receives health care coverage under an employer-provided plan.

Some Republicans balked, complaining that was a concession to labor unions who are among the Democrats' most loyal political supporters.

Many unions have announced their opposition to the fee, but so, too, have businesses.

Reid and McConnell also have been discussing provisions to give federal agencies flexibility in adjusting to across-the-board spending cuts imposed under legislation that Obama signed in 2011.

Another element of their negotiations would call for House-Senate negotiations on a possible deficit reduction measure to take the place of the across-the-board cuts.

The twin crises began more than three weeks ago, when some lawmakers in the House insisted on seeking the defunding of Obamacare as the price for preventing a partial shutdown of the government.

The White House refused, and the Democratic-controlled Senate rejected legislation to achieve the GOP goal, as well as subsequent legislation that contained scaled-back concessions on the health care overhaul.

The partial shutdown, which began on Oct. 1, swiftly merged with the approaching debt crisis.

According to Treasury Secretary Jacob Lew, unless Congress acts by Oct. 17, the government will lose its ability to borrow, and would be required to meet its obligations relying only on cash on hand and incoming tax receipts.

While it was unclear how long that would suffice, the date stood as a deadline. The closer it approached, the more urgent became the pleas of businesses and bankers in this country as well as officials overseas for the United States to put its finances into order.

Whatever the outcome, the all-out assault on Obamacare that became a tea party rallying cry last summer was long gone, repulsed by the president and his Democratic allies in Congress.

Instead, Republican disapproval ratings have plummeted in public opinion polls in the past two weeks, vindicating warnings from Boehner, McConnell and other party elders that the original strategy of threatening to shut down the government in hopes of wiping out the overhaul was badly flawed.

"We got ourselves in a ditch," McCain said. "And we got to stop digging."

___

Associated Press writers Donna Cassata, Andrew Taylor, Henry C. Jackson, Julie Pace and Alan Fram contributed to this report.

Associated PressSource: http://hosted2.ap.org/APDEFAULT/3d281c11a96b4ad082fe88aa0db04305/Article_2013-10-15-Budget%20Battle/id-25b72ff0e3f6487f80d2443070c9746c
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Intel beats quarterly forecasts in tough PC market


By Noel Randewich


SAN FRANCISCO (Reuters) - Intel Corp's third-quarter results modestly beat expectations on Tuesday, but its current-quarter revenue outlook fell short as tablets continued to grow more popular at the expense of personal computers largely powered by the chipmaker.


Intel is betting that its new Haswell PC processor with improved battery life will boost sales for the rest of the year, beyond the typically strong third quarter when PC manufacturers buy chips in anticipation of holiday demand.


With consumers increasingly favoring tablets and smartphones, Intel is wrestling with a slowdown in its core PC market while trying to make inroads in low-power mobile devices.


The world's top chipmaker said Tuesday its gross margin in the third quarter was 62.4 percent, and it forecast 61 percent for the fourth quarter. Analysts had expected 60.92 percent for the third quarter and 60.98 percent for the fourth quarter.


The resilient gross margins suggest Intel is not trimming its output ahead of upcoming new processors, risking a future inventory imbalance, said Evercore analyst Patrick Wang.


"It doesn't look like they're taking any cut in utilization to burn off inventory," Wang said. "This could mean there's still a bit of a problem down the road."


Intel also trimmed its 2013 capital expenditure target to $10.8 billion, plus or minus $300 million, from $11 billion, plus or minus $500 million.


Since taking the helm in May, Chief Executive Brian Krzanich has pushed to improve Intel's offering of chips for mobile devices. It recently announced a lineup of ultra-small chips for wearable devices, which are growing more popular.


Intel dominates the PC industry but it was slow to adapt its chips for low-power mobile gadgets like smartphones and tablets.


Krzanich has promised Intel's new Bay Trail mobile chip would find its way into a slew of tablets, but it is still unclear how much progress is being made and how much those mobile chips, which sell for less than Intel's latest PC chips, may affect its gross margins.


Intel posted net earnings of $2.95 billion, or 58 cents a share, compared to $2.97 billion, or 58 cents share, in the year-ago quarter. Analysts had expected earnings per share of 53 cents, according to Thomson Reuters I/B/E/S.


Revenue was $13.48 billion, barely changed from $13.46 billion in the year-ago quarter. Intel forecast revenue of $13.7 billion, plus or minus $500 million for the current fourth quarter.


Analysts had expected $13.463 billion in revenue for the third quarter and $14.004 billion for the fourth quarter.


Shares of Intel were up 0.34 percent in extended trade after closing down 0.26 percent at $23.39 on Nasdaq.


(Reporting by Noel Randewich; Editing by Richard Chang)



Source: http://news.yahoo.com/intel-third-quarter-revenue-beats-expectations-200918329--finance.html
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